SEOUL, Dec. 18 (Korea Bizwire) — Samsung Electronics Co. ranked second in the Indian smartphone market in October, a report showed Friday, as the world’s largest smartphone vendor led the midpriced segment. The South Korean tech giant accounted for a market share of 20.6 percent in India, the world’s second-largest smartphone market, in terms of [...]
SEOUL, Dec. 18 (Korea Bizwire) — LG Electronics Inc., a major home appliance maker in South Korea, on Friday unveiled a new energy-efficient water heater to target consumers in Europe and North America. The South Korean tech giant said it will launch its dual inverter heat pump water heater in European and North American markets [...]
SEOUL, Dec. 18 (Korea Bizwire) — Lotte Global Logistics Co., a logistics unit of South Korean retail giant Lotte Group, said Thursday it will expand the operation of eco-friendly cold chain electric trucks that provides temperature-controlled environments during transportation and storage. After completing the trial operation of cold storage electric trucks in April and May, [...]
INCHEON, Dec. 17 (Korea Bizwire) — The number of raccoons being rescued in downtown Incheon is rising each year. Incheon’s Wildlife Rescue Center reported 38 raccoons rescued in the Incheon, west of Seoul, this year. After rescuing six raccoons in 2018, the number rose to 24 last year. This year, more raccoons appeared in the downtown area, [...]
SEOUL, Dec. 17 (Korea Bizwire) – POSCO, the world’s fifth-largest steelmaker by output, said Thursday it has agreed to buy a 15 percent stake in Black Rock Mining for US$7.5 million. The deal will pave the way for POSCO to secure graphite fines, a material required to make anodes, according to the steelmaker. Still, POSCO [...]
SEOUL, Dec. 17 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, demonstrated Thursday an autonomous vehicle that can park on its own, using its high-speed 5G network. In an online video demonstration, the carrier tested the self-driving vehicle, which traveled about five minutes on roads in western Seoul and managed to [...]
SEOUL, Dec. 17 (Korea Bizwire) — More than half of the second generation of South Korea’s chaebol (conglomerate) families turned out to have married partners from within the chaebol community. According to a survey conducted by corporate tracker CEO Score that looked at the marriages of family members in the nation’s top 55 conglomerates headed [...]
SEOUL, Dec. 16 (Korea Bizwire) — The defense ministry said Wednesday it will complete reducing the mandatory military service period to 18 months by next year as planned as part of a series of reform projects under way to make the military “smaller and stronger.” During a meeting on defense reform presided over by Defense [...]
DAEJEON, Dec. 16 (Korea Bizwire) — The Electronics and Telecommunications Research Institute (ETRI) announced Tuesday that it has developed a virtual model of a human body to verify the risk of electromagnetic waves. The models come both in male and female shapes, heads, and primate versions consisting of more than 100 varieties of organs and [...]
SEOUL, Dec. 16 (Korea Bizwire) — Hyundai Motor Group announced on Tuesday that it had developed ‘Little Big e-Motion,’ an innovative electric minicar that employs emotion recognition technology, for use in the treatment of sick children. The mini electric vehicle (EV) features Emotion Adaptive Vehicle Control (EAVC) technology that enables seamless interactions between vehicle and [...]